Top 6 Apps to Spring Clean Your Finances

To help get a better grip on where your money is going, recommit to a budget or jump-start your savings plan, these handy apps are just a swipe away.

Everyone who's into managing his or her personal finances with the help of an app has heard about Mint, which currently ranks No. 24 among all free apps in the Finance category that can be downloaded from the Apple iOS Store.

To offer you a couple of alternatives, I would like to introduce you to other handy personal finance apps that help you to monitor your expenses and reach your financial goals.

1. Clarity Money, free

The Clarity Money Budget Planner analyzes your personal finances using data science and machine learning with the goal to “help you make smarter decisions with your money.”

Advertisement - Article continues below

The free app allows you to not only plan your budget, but also track all your expenses, cancel recurring charges and subscriptions and find credit card deals that fit your spending habits, so you can hopefully manage to save some money in your bank account in the long run.

As of March 2018, the app has been rated almost 16,000 times in the iOS Store with an average rating of 4+ stars and more than 700 times in the Google Play Store with a rating of 4.2 stars.

Here is what TechCrunch says about Clarity Money:

“It’s the kind of universal financial services tool that combines a number of the best features of existing money-management apps into a one-stop-shop.”

2. You Need A Budget, free trial

You Need A Budget (YNAB) is another personal finance tool that lets you to plan your budget and track expenses.

Advertisement - Article continues below

Unlike Clarity Money, YNAB is not free, but you have the option to sign up for a 34-day trial period. After the trial you will be billed for a one-year subscription ($83.99) if you decide to continue using the app. What's great is that YNAB offers a 100% money-back guarantee with no questions asked at any point.

Advertisement - Article continues below

Key features are:

  • Synching all of your bank accounts in a single entity.
  • Real-time access and tracking of all your data.
  • Access to tools that help you get out of debt.
  • Set goals to stay on track.
  • Detailed reporting and personal support.

According to the team behind YNAB, new users are able to save $600 on average in the first two months of using the app and as much as $6,000 in their first year.

By the way, You Need A Budget has already been downloaded more than 100,000 times from the Google Play Store with an average user rating of 4.0 stars.

3. Spendee, free

Spendee is a free app that comes with in-app purchases.

It lets you track your expenses (even in foreign currencies, in case you are on vacation), create custom wallets for special events, such as birthday parties or Christmas, and it provides comprehensible graphics that outline your financial odyssey to help you gain the upper hand.

Advertisement - Article continues below

If you decide to upgrade to Spendee Plus ($1.99/month), you can create multiple wallets that you can then share with your family members and friends. This feature comes in handy, if there are expenses that you don't pay for entirely by yourself.

Advertisement - Article continues below

Spendee Premium ($2.99/month) allows you to synch the app with all of your different bank accounts.

Here is what some users have to say about the app:

  • “Great product. Love the interface and all the reports.”
  • “When it comes to simplicity, usability and UI (user interface). Trust me this is the best one in Play Store.”
  • “Awesome to keep my expenses track. Help to reduce the unwanted one.”
  • Shep McAllister from writes that “Spendee Tracks Your Expenses with a Gorgeous, Frictionless Interface.”

4. Home Budget with Synch, $4.99

Home Budget with Synch has already been downloaded by more than 730,000 users, and it comes in really handy if you want to set a budget that you can share with your whole family and synchronize it between multiple devices together with different incomes and expenses.

Advertisement - Article continues below

Each user can manage budgets, log expenses and track purchases within the app, which processes all data to provide you with information about your spending habits utilizing charts and lists with visually appealing graphics.

The downside? Home Budget with Sync is not available for free. It comes at a one-time purchase price of $4.99 in both the Google Play Store and the iOS Store.

5. Dollarbird, free

Dollarbird takes a different approach to budgeting and expense tracking than the four apps listed above. It's a “personal finance calendar” that lets you add, edit and remove your income and expenses from the past and future in a calendar-oriented fashion.

According to TechCrunch, Dollarbird is best suited for anyone who “wants to keep a closer eye on their cash flow.” The obvious advantage here is that you can plan ahead and keep all expenses under control.

Advertisement - Article continues below

There is a premium plan that costs $2.17/month or $25.99/year that allows you to create multiple calendars and share them with up to three other people. For comparison, Home Budget with Synch costs $4.99, which you only have to pay once, and it also has a great built-in sharing feature but does not take the calendar-oriented approach.

6. Mvelopes, free trial

Mvelopes is the last tool that made it onto our list of personal finance apps that help you make sure that you don't spend a single dime more than your monthly budget allows.

Advertisement - Article continues below

After downloading Mvelopes, you have a free 30-day trial period after which you can choose one of the following plans, in case you would like to continue using it:

  • Mvelopes Basic — $4/month
  • Mvelopes Plus — $19/month, or pay annually and get two months free
  • Mvelopes Complete — $59/month, or pay annually and get two months free

After you install the app, add your bank and credit card account details, you can track your purchases within the app.

What's great about Mvelopes is that it's really easy to categorize your expenses, so that at the end of each month or a year, you can tell exactly how much money you spend on clothes, morning coffees, movie tickets, etc.

Mvelopes tries to make saving fun. In addition, eBooks and videos are available within the app at no additional charge. This is one of the reasons why Mvelopes has received such excellent feedback from its users. In fact, the Mvelopes Complete subscription comes with monthly sessions with a personal financial trainer, providing additional accountability and motivation.

For savers taking steps to improve their financial outlooks, congratulations for staying on the track. If you need some extra help, consider experimenting with any of these personal finance apps to see which one’s right for you.

About the Author

Marguerita M. Cheng, CFP®

CEO, Blue Ocean Global Wealth

Marguerita M. Cheng is the Chief Executive Officer at Blue Ocean Global Wealth. She is a CFP® professional, a Chartered Retirement Planning Counselor℠, Retirement Income Certified Professional and a Certified Divorce Financial Analyst. She helps educate the public, policymakers and media about the benefits of competent, ethical financial planning.


Most Popular

12 Tax Deadlines for July 15 (It's Not Just the Due Date for Your Tax Return)
tax deadline

12 Tax Deadlines for July 15 (It's Not Just the Due Date for Your Tax Return)

Between due dates for IRA or HSA contributions, paying estimated taxes and other deadlines, there's more to do by July 15 than just filing your federa…
July 10, 2020
65 Best Dividend Stocks You Can Count On

65 Best Dividend Stocks You Can Count On

These 65 Dividend Aristocrats are an elite group of dividend stocks that have reliably increased their annual payouts every year for at least a quarte…
July 8, 2020
Tax Changes and Key Amounts for the 2020 Tax Year
tax law

Tax Changes and Key Amounts for the 2020 Tax Year

Americans are facing a long list of tax changes for the 2020 tax year...and it's never too early to start thinking about next year's return.
June 22, 2020


Saver's Credit: A Retirement Tax Break for the Middle Class
Tax Breaks

Saver's Credit: A Retirement Tax Break for the Middle Class

Your retirement contributions could be the key to a lower tax bill.
July 9, 2020
Avoid Blindly Following Random Benchmarks on the Road to Retirement
retirement planning

Avoid Blindly Following Random Benchmarks on the Road to Retirement

Unless the benchmark is relevant to your personal plan, it could steer you into taking a wrong turn.
July 8, 2020
Where Should You Retire?
retirement planning

Where Should You Retire?

This week, our Your Money's Worth podcast host Ryan Ermey interviews co-host Sandy Block about her recent story about the best retirement destinations…
July 7, 2020
Find a Great Place to Retire
happy retirement

Find a Great Place to Retire

Our cities provide plenty of space to spread out without skimping on health care or other amenities.
July 2, 2020